Evonik Industries AG and the German Mining, Chemical and Energy Industrial Union (IG BCE) have agreed with RAG-Stiftung on a future ownership structure for Vivawest. This was approved yesterday by Evonik's Supervisory Board. As a first step, Vivawest and THS combined property management for their residential real estate activities effective January 1, 2012. Now Vivawest GmbH and THS GmbH are to be combined in a single legal structure with a stable new ownership structure.
RAG-Stiftung intends to take a 30 percent stake in the combined company. This still has to be approved by the Board of Trustees of RAGStiftung.
RAG-Stiftung intends to take a 30 percent stake in the combined company. This still has to be approved by the Board of Trustees of RAGStiftung.
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